For the past week, Ripple has been in a downward move. The altcoin slumped from the high of $1.96 to a low of $1.20. XRP price slumps to the support of the 21-day SMA. If the 21-day SMA support holds, it is an indication of Ripple’s readiness to resume a fresh uptrend.
On April 17, Litecoin rallied to a $335 high. The altcoin retested the recent high twice before it dropped sharply on the downside. One possible cause of the sudden fall is because LTC has been trading in the overbought region for the past week.
Ethereum is in an upward correction as price faces another rejection at $2,300 high. Selling pressure will resume if buyers fail to breach the recent high. For the past four days, Ether has been in a downward movement.
BTC price recovers after plunging to $50,500 psychological price level. For the past 48 hours, Bitcoin has been rising as buyers attempt to breach the resistance at $57,000. The current uptrend is likely to face further resistance on the upside.
Bitcoin has now reached a market cap (MC) of over $1.13 trillion whereas Visa combined with MasterCard have a market cap of about $864 billion. This is a clear indication that the world's original cryptocurrency is more attractive than the two giant financial services added together.
Since April 17, Dogecoin (DOGE) price has been having an impressive bullish run. The altcoin rallied from the low of $0.15 to a high of $0.45. Nevertheless, DOGE has reversed direction after reaching the high of $0.45.